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Gas and car bills could soar by hundreds of pounds a year under Boris Johnson's so-called green revolution as Cabinet ministers draw up radical proposals to cut carbon emissions by 2050.
A government carbon reduction scheme could increase the average cost of running a petrol car by more than £100 a year while the average gas bill could rise by as much as £170 - almost a third.
Ministers are reportedly considering 'mitigation' measures to limit the impact on the poorest households - which is likely to mean that the richest households, which use more carbon, will face big increases in their bills.
The Prime Minister will meet Chancellor Rishi Sunak and Business Secretary Kwasi Kwarteng next week to discuss the scheme, which could be launched next year, the Times newspaper reports.
A government carbon reduction scheme could increase the average cost of running a petrol car by more than £100 a year while the average gas bill could rise by as much as £170 - almost a third (stock image)
Gas and car bills could soar by hundreds of pounds a year under Boris Johnson's so-called green revolution as Cabinet ministers draw up radical proposals to cut carbon emissions by 2050
Cabinet ministers are considering extending carbon pricing to farms, but Environment Secretary George Eustice is resisting the move amid fears it could lead to a food price increase.
The consultation for the carbon emissions trading scheme is expected to begin before the much-anticipated COP26 climate change conference, which is due to be held in Glasgow in November.
The Times reports that the scheme will build on the UK's emissions trading scheme, which caps the amount of gases that can be emitted by energy-intensive industries, power plants and the aviation sector.
Companies can buy or sell allowances which rise over time, effectively
